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Ashok Leyland rides high on launching midi-bus ‘Oyster’

26 Jul 2019 Evaluate

Ashok Leyland is currently trading at Rs. 74.65, up by 2.40 points or 3.32% from its previous closing of Rs. 72.25 on the BSE.

The scrip opened at Rs. 72.30 and has touched a high and low of Rs. 74.85 and Rs. 72.30 respectively. So far 877356 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 135.10 on 03-Sep-2018 and a 52 week low of Rs. 71.65 on 25-Jul-2019.

Last one week high and low of the scrip stood at Rs. 80.60 and Rs. 71.65 respectively. The current market cap of the company is Rs. 21825.65 crore.

The promoters holding in the company stood at 51.12%, while Institutions and Non-Institutions held 29.75% and 19.13% respectively.

Ashok Leyland has launched Oyster midi-bus, its next-generation premium AC bus. The multi-purpose bus, which has been designed and manufactured in-house, makes a good choice for executive staff and tourist transport. The bus has an appealing design, plush interiors and offers convenience features.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.


Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
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